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GRIID Infrastructure Inc

GRIID Infrastructure Inc (GRDI)

1.14
0.07
(6.54%)
Closed July 21 4:00PM
1.07
-0.07
(-6.14%)
After Hours: 7:59PM

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Key stats and details

Current Price
1.07
Bid
1.07
Ask
1.14
Volume
458,447
1.0316 Day's Range 1.14
0.56 52 Week Range 9.66
Market Cap
Previous Close
1.07
Open
1.0602
Last Trade
25
@
1.12
Last Trade Time
Financial Volume
$ 491,613
VWAP
1.0723
Average Volume (3m)
4,438,014
Shares Outstanding
71,375,909
Dividend Yield
-
PE Ratio
-4.28
Earnings Per Share (EPS)
-0.26
Revenue
19.62M
Net Profit
-18.66M

About GRIID Infrastructure Inc

Adit Edtech Acquisition Corp is a blank check company. Adit Edtech Acquisition Corp is a blank check company.

Sector
Cmp Processing,data Prep Svc
Industry
Cmp Processing,data Prep Svc
Headquarters
Wilmington, Delaware, USA
Founded
1970
GRIID Infrastructure Inc is listed in the Cmp Processing,data Prep Svc sector of the NASDAQ with ticker GRDI. The last closing price for GRIID Infrastructure was $1.07. Over the last year, GRIID Infrastructure shares have traded in a share price range of $ 0.56 to $ 9.66.

GRIID Infrastructure currently has 71,375,909 shares outstanding. The market capitalization of GRIID Infrastructure is $76.37 million. GRIID Infrastructure has a price to earnings ratio (PE ratio) of -4.28.

GRDI Latest News

Kuehn Law Encourages GRDI, ALE, HTLF, and AMBC Investors to Contact Law Firm

Kuehn Law Encourages GRDI, ALE, HTLF, and AMBC Investors to Contact Law Firm PR Newswire NEW YORK, July 17, 2024 NEW YORK, July 17, 2024 /PRNewswire/ -- Kuehn Law, PLLC, a shareholder litigation...

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of GRIID Infrastructure Inc.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of GRIID Infrastructure Inc. PR Newswire NEW YORK, June 27, 2024 NEW YORK, June 27, 2024 /PRNewswire/ -- Rowley Law PLLC is...

CleanSpark Acquires GRIID, Marathon Digital Mines Kaspa, VanEck Proposes Solana ETF

CleanSpark acquires GRIID for $155 million, expands mining operations CleanSpark (NASDAQ:CLSK), a Bitcoin mining company, announced the acquisition of GRIID Infrastructure (NASDAQ:GRDI) for $155...

CleanSpark Announces Agreement to Acquire GRIID Infrastructure Based on an enterprise value of $155 Million and Expansion Plans of over 400 MW in Tennessee

As a result of the transaction Cleanspark expects to add over 400 MW in Tennessee over the next 2 years CleanSpark’s total announced, planned, and owned capacity now sits at over 1 GW of premium...

GRIID Infrastructure Announces Plans to Double Capacity of Lenoir City, Tenn. Bitcoin Mining Operations

CINCINNATI, Feb. 14, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (Nasdaq: GRDI) (“GRIID” or the “company”), a vertically integrated bitcoin mining operator, announced plans to double the...

GRIID Infrastructure to Add 60 MW with New Bitcoin Mining Facility in Tennessee

CINCINNATI, Feb. 06, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (NASDAQ: GRDI) (“GRIID” or “Company”), an American infrastructure company that develops and operates vertically integrated...

Crypto: GRIID Nasdaq Debut, OKX Leads Crypto Inscription Innovation, and more

Reduction in contracts boosts Bitcoin price The recent rise in Bitcoin (COIN:BTCUSD) above US$43,000 may be related to the decrease in open interest in bitcoin options, especially at US$40,000...

GRIID to Begin Trading on Nasdaq Global Market Under Ticker “GRDI”

CINCINNATI, Jan. 29, 2024 (GLOBE NEWSWIRE) -- GRIID Infrastructure Inc. (“GRIID” or the “Company”) (NASDAQ: GRDI) (NEO: GRDI), an American infrastructure company that operates vertically...

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
1-0.07-6.140350877191.141.241.03163793001.12361747CS
4001.073.291.0148400181.78070777CS
12-0.03-2.727272727271.13.290.5644380141.34556883CS
26-8.59-88.92339544519.669.660.5625053631.39333957CS
52-8.59-88.92339544519.669.660.5625053631.39333957CS
156-8.59-88.92339544519.669.660.5625053631.39333957CS
260-8.59-88.92339544519.669.660.5625053631.39333957CS

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GRDI Discussion

View Posts
glenn1919 glenn1919 2 weeks ago
GRDI.....................https://stockcharts.com/h-sc/ui?s=GRDI&p=W&b=5&g=0&id=p86431144783
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getmoreshares getmoreshares 2 weeks ago
will keep an eye out for news- HAPPY FORTH! have FUN
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subslover subslover 2 weeks ago
Hey bro. if the merge does happen, then it's around $1.25, but hearing through the grapevine, they may sweeten the deal. Have a nice 4th :)
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getmoreshares getmoreshares 3 weeks ago
was it changed? sorry, do not have the link that reported .74
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subslover subslover 3 weeks ago
That is an incorrect buyout price.
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getmoreshares getmoreshares 3 weeks ago
anyone believe it will dip to .74? the buyout price
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Spuds McKenz66 Spuds McKenz66 3 weeks ago
Ok cool ya next week
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subslover subslover 3 weeks ago
Brilliant! Have a fun-filled day. Have a beer on me :)
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ollik78 ollik78 3 weeks ago
I saved 80% at 3$
Now it’s time to play golf ;)
Enjoy your day
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subslover subslover 3 weeks ago
Make sure you get the PM. I'm going on a sabbatical again
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Spuds McKenz66 Spuds McKenz66 3 weeks ago
up 2k on the day so far not worried about it GRDI
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subslover subslover 3 weeks ago
Told you to buy last week but you bought today at pre-market! Chasing this shit will only bring demonds
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Spuds McKenz66 Spuds McKenz66 3 weeks ago
dumped took a 1800 hit GRDI
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TheFinalCD TheFinalCD 3 weeks ago
.74 deal for GRDI? $CLSK $GRDI Acquisition Estimate pic.twitter.com/ti7ZJkDOAP— Ben Werkman (@BenWerkman) June 27, 2024
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tw0122 tw0122 3 weeks ago
Sell the news event.. agreement, GRIID stockholders will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the total number of shares of GRIID common stock issued and outstanding as of the closing date of the merger. The aggregate merger consideration is equal to the quotient obtained by dividing (x) the sum of (i) $155,000,000 minus (ii) the amount of GRIID’s outstanding liabilities as of the closing date of the merger (net of cash on hand) by (y) $16.587 (which is the volume-weighted average price of CleanSpark’s common stock for the two consecutive trading days prior to the date of the merger agreement).

CleanSpark will assume all outstanding debt and other obligations of GRIID pursuant to the merger. CleanSpark also provided GRIID with a $5 million dollar working capital loan and a pay-down bridge loan of approximately $50.9 million that was used to satisfy certain obligations of GRIID at signing. The loan is secured and is senior to all other outstanding debt of GRIID.

“We are looking forward to welcoming the GRIID team into the CleanSpark family and we are excited to apply the CleanSpark way, carefully honed alongside the communities we operate in Georgia and Mississippi, to GRIID’s impressive pipeline in Tennessee,” said Zach Bradford, CleanSpark’s CEO. “This acquisition would give us a clear and steady path over the next three years to accomplish in Tennessee what we proudly achieved in Georgia over the past three years. That achievement was to build out over 400 MW of infrastructure backed by valuable, long-term power contracts.”

“As we look at how the rest of this year is expected to unfold,” Bradford continued, “after closing we expect to focus in on the best opportunities in the GRIID pipeline. We anticipate that this will allow us to exceed 100 megawatts in Tennessee by the end of this calendar year and eventually grow that to 200 megawatts in 2025 before exceeding 400 megawatts in 2026. At every step of the way we will continue to work together with local communities as we build infrastructure capable of powering as much as one gigawatt of data center operations in Tennessee.”

“I am incredibly excited for the opportunity for GRIID to join the CleanSpark team. Together, we will achieve rapid growth in the Tennessee Valley” said Trey Kelly, GRIID’s CEO. “I am so proud of the business and team we have built at GRIID, so joining a company with a shared vision and values, like CleanSpark, makes for an ideal business combination.

“I have long admired CleanSpark’s track record of disciplined execution and I am looking forward to bringing that to our tremendous Tennessee power pipeline” said Harry Sudock, GRIID’s CSO. “Growing our portfolio of data centers in this attractive region positions us to continue strengthening the resilience of the power grid while delivering CleanSpark’s leading mining capabilities.”

GRIID operates bitcoin mining data centers in various cities and towns throughout Tennessee that are serviced by Tennessee Valley Authority (TVA), the largest and one of the most important public power companies in the United States. Like CleanSpark, GRIID has taken a community-first approach to building its data centers, embedding itself into the towns and communities it operates in. In addition to GRIID’s corporate headquarters in Cincinnati, Ohio, they operate a Research and Development Center in Austin, Texas, and a Development, Deployment, and Equipment Repair Center in Rutledge, Tennessee. Their four mining facilities are in Watertown, New York and Limestone, Maynardville and Lenoir City, Tennessee.

The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in the third quarter of 2024. The acquisition is subject to GRIID shareholder approval and other customary closing conditions.

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TheFinalCD TheFinalCD 3 weeks ago
quick maths $GRDI 🕺 pic.twitter.com/gTn3QKV66J— Vérdé (@verdetrades) June 27, 2024


took an L today on GRDI

-3,797.68

$CLSK $GRDI Acquisition Estimate pic.twitter.com/ti7ZJkDOAP— Ben Werkman (@BenWerkman) June 27, 2024
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Spuds McKenz66 Spuds McKenz66 3 weeks ago
ya what to do? grdi
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subslover subslover 3 weeks ago
Buyouts are always risky investments hence why I sold at $3.10 yesterday. I am holding another block and will just leave them to convert to the other company
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Spuds McKenz66 Spuds McKenz66 3 weeks ago
GRDI takes a dive
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Spuds McKenz66 Spuds McKenz66 3 weeks ago
whats going on GRDI
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ollik78 ollik78 3 weeks ago
Thanks
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Spuds McKenz66 Spuds McKenz66 3 weeks ago
ok ya that mlgo still bugging me , huge miss , I'll get pm next week peace GRDI
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subslover subslover 3 weeks ago
Your the man!!!!!!!!!!!!!!!!!
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subslover subslover 3 weeks ago
You need to get PM brother. We have several others for July
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Spuds McKenz66 Spuds McKenz66 3 weeks ago
bought more this am , ya who GRDI
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ollik78 ollik78 3 weeks ago
Buyout confirmed
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subslover subslover 3 weeks ago
CleanSpark Announces Agreement to Acquire GRIID Infrastructure Based on an enterprise value of $155 Million and Expansion Plans of over 400 MW in Tennessee
As a result of the transaction Cleanspark expects to add over 400 MW in Tennessee over the next 2 years

CleanSpark’s total announced, planned, and owned capacity now sits at over 1 GW of premium infrastructure in support of America’s rapidly advancing technological environment

LAS VEGAS, June 27, 2024 (GLOBE NEWSWIRE) -- CleanSpark Inc. (Nasdaq: CLSK) (“CleanSpark”) and GRIID Infrastructure Inc. (Nasdaq: GRDI) (“GRIID”) announced today that they have entered into a definitive merger agreement pursuant to which CleanSpark will acquire all the issued and outstanding common stock of GRIID in an all-stock transaction. The total enterprise value, including payment and assumption of debt, of the transaction is $155 million. Concurrent with the signing of the merger agreement, the companies also entered into an exclusive hosting agreement for all currently available power, of which 20 MW will be allocated to CleanSpark effective immediately.

Under the terms of the merger agreement, GRIID stockholders will receive shares of CleanSpark common stock based upon an exchange ratio equal to the quotient obtained by dividing the aggregate merger consideration by the total number of shares of GRIID common stock issued and outstanding as of the closing date of the merger. The aggregate merger consideration is equal to the quotient obtained by dividing (x) the sum of (i) $155,000,000 minus (ii) the amount of GRIID’s outstanding liabilities as of the closing date of the merger (net of cash on hand) by (y) $16.587 (which is the volume-weighted average price of CleanSpark’s common stock for the two consecutive trading days prior to the date of the merger agreement).

CleanSpark will assume all outstanding debt and other obligations of GRIID pursuant to the merger. CleanSpark also provided GRIID with a $5 million dollar working capital loan and a pay-down bridge loan of approximately $50.9 million that was used to satisfy certain obligations of GRIID at signing. The loan is secured and is senior to all other outstanding debt of GRIID.

“We are looking forward to welcoming the GRIID team into the CleanSpark family and we are excited to apply the CleanSpark way, carefully honed alongside the communities we operate in Georgia and Mississippi, to GRIID’s impressive pipeline in Tennessee,” said Zach Bradford, CleanSpark’s CEO. “This acquisition would give us a clear and steady path over the next three years to accomplish in Tennessee what we proudly achieved in Georgia over the past three years. That achievement was to build out over 400 MW of infrastructure backed by valuable, long-term power contracts.”

“As we look at how the rest of this year is expected to unfold,” Bradford continued, “after closing we expect to focus in on the best opportunities in the GRIID pipeline. We anticipate that this will allow us to exceed 100 megawatts in Tennessee by the end of this calendar year and eventually grow that to 200 megawatts in 2025 before exceeding 400 megawatts in 2026. At every step of the way we will continue to work together with local communities as we build infrastructure capable of powering as much as one gigawatt of data center operations in Tennessee.”

“I am incredibly excited for the opportunity for GRIID to join the CleanSpark team. Together, we will achieve rapid growth in the Tennessee Valley” said Trey Kelly, GRIID’s CEO. “I am so proud of the business and team we have built at GRIID, so joining a company with a shared vision and values, like CleanSpark, makes for an ideal business combination.

“I have long admired CleanSpark’s track record of disciplined execution and I am looking forward to bringing that to our tremendous Tennessee power pipeline” said Harry Sudock, GRIID’s CSO. “Growing our portfolio of data centers in this attractive region positions us to continue strengthening the resilience of the power grid while delivering CleanSpark’s leading mining capabilities.”

GRIID operates bitcoin mining data centers in various cities and towns throughout Tennessee that are serviced by Tennessee Valley Authority (TVA), the largest and one of the most important public power companies in the United States. Like CleanSpark, GRIID has taken a community-first approach to building its data centers, embedding itself into the towns and communities it operates in. In addition to GRIID’s corporate headquarters in Cincinnati, Ohio, they operate a Research and Development Center in Austin, Texas, and a Development, Deployment, and Equipment Repair Center in Rutledge, Tennessee. Their four mining facilities are in Watertown, New York and Limestone, Maynardville and Lenoir City, Tennessee.

The transaction has been unanimously approved by the Boards of Directors of both companies and is expected to close in the third quarter of 2024. The acquisition is subject to GRIID shareholder approval and other customary closing conditions.

Advisors

Cozen O’Connor P.C. served as legal counsel for CleanSpark and Troutman Pepper Hamilton Sanders LLP served as legal counsel for GRIID in connection with the transaction.

About CleanSpark
CleanSpark (Nasdaq: CLSK) is America's Bitcoin Miner™. We own and operate data centers that primarily run on low-carbon power. Our infrastructure responsibly supports Bitcoin, the world's most important digital commodity and an essential tool for financial independence and inclusion. We cultivate trust and transparency among our employees and the communities we operate in. Visit our website at www.cleanspark.com.

About GRIID Infrastructure Inc.
GRIID is a purpose-built bitcoin mining company, founded in 2018, that has operated mining facilities since 2019. GRIID has bui
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Spuds McKenz66 Spuds McKenz66 3 weeks ago
halted
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subslover subslover 4 weeks ago
LOL> same to you
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ollik78 ollik78 4 weeks ago
What a day. Cheers
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subslover subslover 4 weeks ago
ABSOLUTELY! Got in last week at $1.10 and $1.15. Sold the first trench at $3.10 and holding the 2nd trench until further notice. Want you to know that I appreciate your brilliant contribution to this thread
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ollik78 ollik78 4 weeks ago
Thanks! Nice payment check EOM :)
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glenn1919 glenn1919 4 weeks ago
GRDI......................https://stockcharts.com/h-sc/ui?s=GRDI&p=W&b=5&g=0&id=p86431144783
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subslover subslover 4 weeks ago
And there is your $3.00. Excellent call dude! I would send you a cigar but I smoked them all on Monday on MLGO. I do have some American Spirit Cigarettes if you want. They will put you on a different universe!
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PonkenPlonken PonkenPlonken 4 weeks ago
pretty dip here
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10KidsR1000 10KidsR1000 4 weeks ago
Holding on tight for buy-out news. When that happens, easy triple-play.
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ollik78 ollik78 4 weeks ago
Looks amazing.
Will gap up in the morning.
3 - 4$ coming
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subslover subslover 4 weeks ago
How did you like the close? $2.78 up 101% for the day!
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tw0122 tw0122 4 weeks ago
GRDI $2.70
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ollik78 ollik78 4 weeks ago
Buyout confirmed
Hope to see 4$+
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subslover subslover 4 weeks ago
This ain't no stinky pinki that the little boys and girls can play Romper Room in. This is the REAL DEAL and for deep pockets :)
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ollik78 ollik78 4 weeks ago
3$ Tomorrow
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subslover subslover 4 weeks ago
No fooling around on this GRDI! Now $2.22 that is iwo two two. :)
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subslover subslover 4 weeks ago
GRIID Infrastructure to Add 60 MW with New Bitcoin Mining Facility in Tennessee
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Yo-Yo Yo-Yo 4 weeks ago
Why is this running tia!!!
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subslover subslover 4 weeks ago
Hi TommyBoy, long time no see buddy I hope you're doing well. :)
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TommyBoyTrader9460 TommyBoyTrader9460 4 weeks ago
$GRDI
$GRDI Strong move to end the week here..with plenty of room to run.. pic.twitter.com/a5J7ZmJwoJ— Chris from Massachusetts AKA TommyboyTrader (@autumnsdad1) June 23, 2024
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Invest-in-America Invest-in-America 1 month ago
GRDI: Maybe their Warrants a better play, right now.
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subslover subslover 1 month ago
HALTED @ $1.61 up 187%
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glenn1919 glenn1919 1 month ago
GRDI.....................................https://stockcharts.com/h-sc/ui?s=GRDI&p=W&b=5&g=0&id=p86431144783
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